The people who bought at 80% of bitcoins market cap who do not understand what a smart contract is have not sold yet. Needs moar pain : )
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Still expecting that last big move up before going down...but if it does break .04 (don't think it will) *then we're going straight down.
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Upside target (than we'll see how the market reacts after, either we put in a higher low, or the new downtrend begins):
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I think that’s it guys, seems the downtrend will now continue. We kissed the yellow descending trendline and sellers stepped in. Now it looks like we have two up move of fairly similar length for a nice corrective (*not impulsive) X wave:
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Looks like it's time for the bounce give or take, should probably make it back up to the yellow trendline:
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Nice rally (as expected), think its coming to an end soon, looking for something like this:
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Went a bit higher, that's okay. RSK dropping tomorrow on bitcoin (and presumably litecoin), *if we break the highs then OKAY i'll get bullish on ETH.
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Yup, price had trouble sustaining a break of the highs. Trendline broke, RSI trendline broke, StochRSI crossed down. Slight change in the count, since i'm having trouble counting 5 waves up going to call this "B"
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Sorry guys bad call, looks like I was early, but doesn't mean i'm wrong. Still expecting a big move down here. Be careful though, more upside to the 2.618 still in the cards if clear the 1.618.
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If we break the parabolic trendline decent chance the great ETH bull trap is complete:
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broken
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Price making new ATH's guess I was wrong : ) At least for now. Price should make it up to the 2.618 extension.